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Syllabus
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We also offer teacher professional development for many syllabuses. Learn more at www.cie.org.uk
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For examination in June and November 2010
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BUSINESS STUDIES 0450
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International General Certificate
of Secondary Education
Business Studies
Syllabus Code: 0450
CONTENTS
Page
INTRODUCTION
1
AIMS
1
ASSESSMENT OBJECTIVES
2
ASSESSMENT
4
CURRICULUM CONTENT
5
ASSESSMENT CRITERIA FOR COURSEWORK
(SCHOOL-BASED ASSESSMENT)
10
GRADE DESCRIPTIONS
12
RESOURCE LIST
13
COURSEWORK FORMS
15
APPENDIX: ADDITIONAL INFORMATION
19
Exclusions
This syllabus must not be offered in the same session with any of the following syllabuses:
0615 Business Studies (Botswana)
7085 Business Studies (Singapore)
7115 Business Studies
BUSINESS STUDIES 0450 IGCSE 2010
INTRODUCTION
International General Certificate of Secondary Education (IGCSE) syllabuses are designed as twoyear courses for examination at age 16-plus.
All IGCSE syllabuses follow a general pattern. The main sections are:
Aims
Assessment Objectives
Assessment
Curriculum Content.
The IGCSE subjects have been categorised into groups, subjects within each group having similar
Aims and Assessment Objectives.
Business Studies falls into Group V, Creative, Technical and Vocational, of the International Certificate
of Education (ICE) subjects.
AIMS
The aims of the syllabus are the same for all students. These aims are set out below and describe the
educational purposes of a course in Business Studies for the IGCSE examination. They are not listed
in order of priority.
The aims are to enable students to:
1.
make effective use of relevant terminology, concepts and methods and recognise the strengths
and limitations of the ideas used;
2.
apply their knowledge and critical understanding to current issues and problems in a wide range
of appropriate contexts;
3.
distinguish between facts and opinions, and evaluate qualitative and quantitative data in order to
help build arguments and make informed judgements;
4.
appreciate the perspectives of a range of stakeholders in relation to the environment, individuals,
society, government and enterprise;
5.
develop knowledge and understanding of the major groups and organisations within and outside
business and consider ways in which they are able to influence objectives, decisions and
activities;
6.
develop knowledge and understanding of how the main types of business and commercial
institutions are organised, financed and operated and how their relations with other
organisations, consumers, employees, owners and society are regulated;
7.
develop skills of numeracy, literacy, enquiry, selection and employment of relevant sources of
information, presentation and interpretation;
8.
develop an awareness of the nature and significance of innovation and change within the context
of business activities.
Teachers should note that not all of the above aims are necessarily subject to formal assessment.
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BUSINESS STUDIES 0450 IGCSE 2010
ASSESSMENT OBJECTIVES
The four assessment objectives in Business Studies are:
A
B
C
D
Knowledge and Understanding
Application
Analysis
Evaluation
A description of each assessment objective follows.
A
KNOWLEDGE AND UNDERSTANDING
Students should be able to:
1. demonstrate knowledge and understanding of facts, terms, concepts and conventions appropriate
to the syllabus;
2. demonstrate knowledge and understanding of theories and techniques commonly applied to or
used as part of business behaviour.
B
APPLICATION
Students should be able to:
3. apply their knowledge and understanding of facts, terms, concepts and conventions to business
problems and issues;
4. apply their knowledge and understanding of theories and techniques commonly applied to
business problems and issues.
C
ANALYSIS
Students should be able to:
5. distinguish between evidence and opinion in a business context;
6. order, analyse and interpret information, in narrative, numerical and graphical forms, using
appropriate techniques.
D
EVALUATION
Students should be able to:
7. present reasoned explanations, develop arguments, understand implications and draw inferences;
8. make judgements, recommendations and decisions.
Specification grid
Business Studies (without Coursework)
Assessment Objective
Paper 1
Paper 2
A
Knowledge and Understanding
35 ± 5
25 ± 5
B
Application
35 ± 5
25 ± 5
C
Analysis
15 ± 5
25 ± 5
D
Evaluation
15 ± 5
25 ± 5
Total marks
100
100
Weighting
50%
50%
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BUSINESS STUDIES 0450 IGCSE 2010
Business Studies (with Coursework)
Assessment Objective
Paper 1
Paper 2
Paper 3
A
Knowledge and Understanding
35 ± 5
25 ± 5
15
B
Application
35 ± 5
25 ± 5
10
C
Analysis
15 ± 5
25 ± 5
15
D
Evaluation
15 ± 5
25 ± 5
10
Total marks
100
100
50
Weighting
40%
40%
20%
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BUSINESS STUDIES 0450 IGCSE 2010
ASSESSMENT
Scheme of Assessment
Candidates must be entered for the following papers:
(i)
Paper 1
(ii)
Paper 2
(iii)
Paper 3 is an optional Coursework component.
Business Studies (without Coursework)
Weighting of papers
Paper
Weighting
1
50%
2
50%
Business Studies (with Coursework)
Weighting of papers
Paper
Weighting
1
40%
2
40%
3
20%
Differentiation
All candidates are expected to pursue the same curriculum objectives, and differentiation will be by
outcome.
Description of papers
Paper 1 (1¾ hours)
A paper containing short-answer questions and structured/data response questions.
There will be no choice of questions.
Paper 2 (1¾ hours)
Candidates will be presented with a business situation or problem, and required to answer questions
arising from it.
There will be no choice of questions.
Paper 3 Coursework (School-based assessment)
*Teachers may not undertake school-based assessment without the written approval of CIE. This will
only be given to teachers who satisfy CIE requirements concerning moderation and they will have to
undergo special training in assessment before entering candidates.
Candidates whose work is required for external moderation will be selected by CIE. Refer to the
Handbook for Centres and Administration Guide for further information.
Candidates will be required to submit a single piece of work of 3000-4000 words, which has taken
about 20% of the course time for the subject as a whole. The assignment should be related to a
particular business situation or problem, and should take the form of a response to a clearly
formulated question.
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BUSINESS STUDIES 0450 IGCSE 2010
CURRICULUM CONTENT
1.0 Business and the environment in which it operates
1.1 Business Activity
1.1.1
Business activity as a means of
adding value and meeting
customer needs
Demonstrate understanding of business activity in adding
value and helping to satisfy the needs of customers in a
changing competitive environment
Explain the purpose of business activity in terms of the
objects of non-profit making activity, private enterprise and
public enterprise
1.1.2
Classification of local and
national firms into primary,
secondary and tertiary sectors
Describe and classify business activity in terms of primary,
secondary and tertiary sectors
Demonstrate an awareness of the changes that have
taken place in these sectors within own country
1.1.3
Business growth and
measurement of size
Show knowledge of the methods and problems of
measuring the size of business units
Why businesses grow and expand, problems connected to
this and how they might be overcome
1.1.4
Key features of own national
economy
Demonstrate an awareness of the impact that business
activity may have on the environment
Show understanding of the changing importance of these
categories within their own national economy, in terms of
employment and contribution to national wealth
1.2 The organisation
1.2.1
Business objectives and their
importance
Demonstrate an understanding that businesses can have
several objectives – and the importance of these can
change
1.2.2
Stakeholders and their differing
objectives
State and explain the role of the different groups involved
in business activity and their objectives; consumers,
employees, managers, owners, financiers and
shareholders
1.2.3
Aims of private and public
sector enterprises
Demonstrate an awareness of the aims and objectives of
enterprises in both private and public sectors
1.3 Changing business environment
1.3.1
Government influence over
decision-making by using
economic policy measures
State the role of the government in influencing decisions
within local, national and international contexts and explain
how business may react
Demonstrate an awareness of the impact that tax and
interest rate changes might have on business decisions
1.3.2
Impact of technology on
business
Explain the impact that technological change has on a
business
Internet and e-commerce
1.3.3
Business reaction to market
changes
Show understanding of market changes and how these
might be responded to by business
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BUSINESS STUDIES 0450 IGCSE 2010
1.4 Economic environment
1.4.1
Mixed and market economies
Show an awareness of the main differences between
these two market systems
1.4.2
International trade (access to
markets/tariffs)
Show an appreciation of how international trade influences
an economy and its business sector by creating
opportunities for growth, increased competition and
consumer choice
1.4.3
Problems of entering new
markets abroad
Demonstrate an understanding of the problems of a
business when entering a new market abroad
1.4.4
Competition and business
1.4.5
Concept of exchange rates and
how changes in them affect
business
Appreciate the implications of tariff barriers, quotas and
exchange rate changes for businesses that trade
internationally
2.0 Business structure, organisation and control
2.1 Ownership and internal organisation
2.1.1
Relationship between
objectives, growth and business
organisation
Discuss the appropriateness of a given form of
organisation in enabling a business to achieve its
objectives
2.1.2
Types of business organisation
(sole trader, partnerships,
limited companies, franchise,
joint venture)
Identify and explain the main features of different forms of
business organisation
2.1.3
Growth of multinational
companies
Identify reasons for the importance and growth of
multinational business
2.1.4
Control and responsibility
Draw, interpret and explain simple organisational charts
Comment on the central features of organisational
structure
2.1.5
Limited and unlimited liability
Understand the role and function of entrepreneurship
2.1.6
Internal organisation
(organisation structure,
hierarchy, span of control)
Discuss the role of management
2.1.7
Internal and external
communication
Explain the different means of communication
Awareness of the barriers to effective communication
Understand how the barriers to communication can be
overcome
Comment on the appropriateness of different means of
communication
2.1.8
Internal communication
(effective communication and its
attainment)
Understanding of methods of internal and external
communication
Understand the need for effective internal communication
2.2 Financing business activity
2.2.1
Use of funds
Identify the main needs for funds
2.2.2
Short and long term financial
needs
Appreciate the difference between short and long term
finance
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BUSINESS STUDIES 0450 IGCSE 2010
2.2.3
Sources of internal and external
funds (short and long term)
Identify internal and external sources of funds available to
business
Understand the impact on business of different sources of
funds
2.2.4
Factors affecting the methods of
finance chosen
Explain the basis upon which the choice of sources of
funds is made
3.0 Business activity to achieve objectives
3.1 Marketing
3.1.1
Role of marketing
Describe the role of marketing
3.1.2
Market research (primary and
secondary)
Appreciate the need for market research
Understand how a business carries out market research;
limitations of market research
Understand the factors that influence the accuracy of
market research
3.1.3
Presentation and use of results
Present, analyse and interpret simple market research
3.1.4
Market segmentation (purpose
and methods)
Understand how and why market segmentation is carried
out
3.1.5
Mass market; niche market
Appreciate the difference between mass marketing and
niche marketing
3.1.6
Marketing mix
Identify and explain the elements of the marketing mix
3.1.7
Product (design, brand,
packaging, life cycle)
Demonstrate an understanding of the product life cycle
3.1.8
Price (price elasticity of
demand, pricing methods and
strategies)
Understand how pricing decisions are made
Understand the significance of price elasticity of demand
(calculations will not be required)
3.1.9
Distribution channels
Appreciate the importance of distribution channels and the
factors that determine the selection of them
3.1.10
Promotion (advertising, sales,
point of sale)
Understand the role of promotion
3.1.11
Marketing strategy
Understand how the mix can be used to influence
consumer purchasing
Understand how the marketing mix can change as the
product goes through its life cycle
Select and justify marketing methods appropriate to a
given situation
3.1.12
Marketing budget
Awareness of the need for a marketing budget
3.2 Production (Operations Management)
3.2.1
Using resources to produce
goods and services
Understand how resources can be used and managed to
help organisations achieve their objectives
3.2.2
Methods of production (job,
batch, flow)
Explain job, batch and flow production methods
3.2.3
Scale of production
Understand economies and diseconomies of scale
3.2.4
Lean production
3.2.5
Costs and cost classification
State and explain the cost structure of a business
Classify costs into fixed and variable/direct/indirect
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BUSINESS STUDIES 0450 IGCSE 2010
3.2.6
Break-even analysis and simple
cost based decision-making
Explain, interpret and use a simple break-even chart
3.2.7
Quality control
Appreciate the importance of quality control
3.2.8
Location decisions
Show understanding of the main factors influencing a
firm’s location and relocation decisions
3.2.9
An appreciation of how
production can be made more
efficient
Understand the concept of productivity
Awareness of methods of improving efficiency
e.g. automation, new technology
3.3 Financial information and decision-making
3.3.1
Cash and cash flow forecasts
Explain the importance of cash
Construct and interpret a simple cash flow statement
3.3.2
Profit (what it is and why it
matters)
Explain the concept of profit
3.3.3
Purpose and main elements of
profit/loss account
Understand the main elements of a profit/loss account
statement
Explain the function of profit
Distinguish between cash and profit
3.3.4
Purpose and main elements of
balance sheet
Understand the main elements of a balance sheet
3.3.5
Simple interpretation of financial
statements using ratios
Gross and net profit, current and acid test ratio, return on
capital employed (ROCE)
Alternative ways that businesses can judge their success
e.g. ROCE, market share
Interpret the performance of a business by using simple
accounting ratios (return on capital, profit margin, gross
and net profit, current ratio)
3.3.6
Working capital
Identify and calculate working capital
3.3.7
Financial budgets
Understand the function of financial budgets
3.3.8
Users of accounts
What they might gain from analysing accounts
4.0 People in Business
4.1 Human needs and rewards
4.1.1
Role of work in satisfying
human needs
Explain the role of work in satisfying human needs
4.1.2
Methods of financial rewards
Identify the different methods of financial reward
4.1.3
Non-financial rewards
Understand the significance of different methods
4.1.4
Management styles and
motivation methods
Explain the concept of motivation
Understand how motivation can be influenced
Appreciate the role of management in motivating
employees
Explain the different styles of management
Have an awareness of their appropriateness in different
situations
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BUSINESS STUDIES 0450 IGCSE 2010
4.2 Manpower
4.2.1
Stages of recruitment and
selection
Explain the methods of recruiting and selecting employees
Understand the importance of job descriptions and job
advertisements
4.2.2
Training methods
Identify and explain different training methods (internal and
external)
Awareness of the need to train and develop staff
4.2.3
Dismissal and redundancy
Explain the difference between dismissal and redundancy
Appreciate why the manpower of a business may need to
be reduced
5.0 Regulating and controlling business activity
5.1 Reasons for regulations
5.1.1
Impact of business decisions on
people, the economy and
environment
Explain why intervention in business activity is required so
that social and economic objectives of the state can be
better achieved
Show an awareness of how business decisions have an
impact on others (society, environment and people)
Show an awareness of the main methods of government
intervention
5.2 Influences on business activity
5.2.1
Location decisions
Show awareness of how the government can influence
such factors
5.2.2
Workforce and the working
environment (health and safety,
employment protection)
Describe the work of trade unions
Show an awareness of how trade unions can influence
business behaviour
Show an awareness of ethical considerations in business
activity
Demonstrate an understanding of the importance of health
and safety requirements
Understand the main features of employment contracts
and employment legislation
5.2.3
The consumer
Understand how and why consumer interests are
protected
5.2.4
External costs and benefits
Appreciate the concepts of social costs and benefits
Show an understanding of how business activity can
create them
Apply such concepts to a given business decision
5.2.5
Exchange rates
Understand how importing/exporting decisions might be
affected by changes in exchange rates
5.2.6
Business cycle
The main phases of the cycle
Impact of boom/recession on business
In all of the above candidates will be required to apply their understanding to a variety of simple
business situations. Thus they should be able to make simple decisions based upon evaluation of the
information provided.
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BUSINESS STUDIES 0450 IGCSE 2010
ASSESSMENT CRITERIA FOR COURSEWORK
(SCHOOL-BASED ASSESSMENT)
Setting and marking of Coursework
1.
Each candidate will be required to produce a single piece of work of 3000-4000 words. The work
should be done throughout the two-year course and not all at the end. Candidates should have
received sufficient basic instruction in the course, and in the context of a particular syllabus theme,
before they start their Coursework. This makes sure that the Coursework topic is seen as a part
of the syllabus.
2.
Coursework should assess the outcome of a business investigation through collection of data and
its analysis, interpretation and evaluation as a result of an individual enquiry. Teachers, having
introduced the topic and techniques involved (which may include a skeleton outline of possible
questions to be answered), will not be expected to prompt students. They may, however, give
help and advice in response to legitimate questions raised by their students as a result of their
study. Records of such teacher assistance are not required by CIE.
3.
Teachers may wish to show their students that a logical and progressive development of
Coursework, from inception to presentation, is desirable. The following is offered as a model:
4.
SELECTION
e.g. Identification of data which needs to be collected
COLLECTION
e.g. Use of primary and/or secondary sources
SORTING
e.g. Sampling, ordering, tabulating relevant facts, figures
ANALYSIS
e.g. Statistical manipulation, application of theories, ideas
EVALUATION
e.g. Identifying and testing statements of opinion. Making decisions and
judgements on the topic
PRESENTATION
e.g. Logical layout and variety of presentation techniques
Assessment of Coursework
The assignment will be assessed as follows:
Knowledge and Understanding
15 marks
Collection of Data
10 marks
Analysis and Interpretation
15 marks
Evaluation
10 marks
Levels of achievement will be recognised within the mark bands indicated below for knowledge
and understanding, collection of relevant data, analysis, interpretation and evaluation of the topic.
The maximum mark available is 50 marks for the Coursework.
Knowledge and Understanding (15 Marks)
Marks
13-15
Excellent knowledge and critical understanding
10-12
Sound knowledge and critical understanding
7-9
Knowledge used to recognise business concepts related to the situation or problem
4-6
Basic knowledge shown, with business aims and objectives stated
1-3
Very limited knowledge and understanding, poorly applied
Collection of Data (10 Marks)
Marks
9-10
Well designed research carried out effectively, fully investigating the business
problem/situation and collecting all the relevant information
7-8
Information is clearly linked to the topic set and an appropriate range of research methods
is used throughout
10
BUSINESS STUDIES 0450 IGCSE 2010
5-6
Information collected is relevant to the business problem and appropriate research
methods used
3-4
Attempt made to gather some relevant information but only limited sources used
1-2
Attempt made to gather information from at least one source. Sources unrelated to the
business problem/situation
Analysis and Interpretation (15 Marks)
Marks
13-15 Evidence of original and clear analysis of the topic with relevant and accurate use of
business ideas
10-12 Work planned in a logical manner, business ideas well applied to the topic
7-9
Work planned in a logical manner with an attempt to break down material in a clear and
sensible way to try to answer the question posed in the title
4-6
Limited attempt to organise material in a logical manner but no comments, just an
acceptance of others’ views
1-3
Limited attempt to organise material into parts
Evaluation (10 Marks)
Marks
9-10
A reasoned and justified conclusion based on the evidence collected and a clear answer
to the question posed in the title
7-8
Personal and justified conclusion related to the question posed in the title and drawn from
the evidence collected
5-6
Conclusion drawn from the evidence but is not an answer to the question posed in the title
3-4
Brief conclusion drawn, personal opinions have some connection with the information
gathered
1-2
Very limited conclusion drawn, makes unsupported personal opinions not related to the data
MODERATION
(a) Internal Moderation
When several teachers in a Centre are involved in internal assessments, arrangements must be made
within the Centre for all candidates to be assessed to a common standard.
It is essential that within each Centre the marks for each skill assigned within different teaching groups
(e.g. different classes) are moderated internally for the whole Centre entry. The Centre assessments
will then be subject to external moderation.
(b) External Moderation
External moderation of internal assessment will be carried out by CIE.
The internally moderated marks for all candidates must be received at CIE by 30 April for the
May/June examination and by 31 October for the November examination. These marks may be
submitted either by using MS1 mark sheets or by using Cameo as described in the Handbook for
Centres.
Once CIE has received the marks, CIE will select a sample of candidates whose work should be
submitted for external moderation. CIE will communicate the list of candidates to the Centre, and the
Centre should despatch the coursework of these candidates to CIE immediately. Individual Candidate
Record Cards and Coursework Assessment Summary Forms (copies of which may be found at the
back of this syllabus booklet) must be enclosed with the coursework.
Further information about external moderation may be found in the Handbook for Centres and the
Administrative Guide for Centres.
All records and supporting written work should be retained until after the publication of the
results.
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BUSINESS STUDIES 0450 IGCSE 2010
GRADE DESCRIPTIONS
Grade descriptions are provided to give a general indication of the standards of achievement likely to
have been shown by students awarded particular grades. The grade awarded will depend in practice
upon the extent to which the student has met the assessment objectives overall and it might conceal
weakness in one aspect of the examination which is balanced by above average performance in some
other.
A Grade A candidate should demonstrate the following abilities:
A Knowledge and Understanding
1.
An excellent ability to identify detailed facts, conventions and techniques in relation to the
content of the syllabus.
2.
A thorough ability to define the concepts and ideas of the syllabus.
B Application
1.
A thorough ability to apply knowledge and understanding, using terms, concepts, theories
and methods effectively to address business problems and issues.
2.
A sound ability to form conclusions from this information and to demonstrate these
conclusions clearly and logically.
C Analysis
1.
An excellent ability to classify and comment on information presented in various forms.
2.
An excellent ability to distinguish between evidence and opinion.
D Evaluation
1.
A sound ability to make clear, reasoned judgements and communicate them in an accurate
and logical manner.
A Grade C candidate should demonstrate the following abilities:
A Knowledge and Understanding
1.
A sound ability to identify detailed facts, conventions and techniques in relation to the
content of the syllabus.
2.
A sound ability to define the concepts and ideas of the syllabus.
B Application
1.
An ability to apply knowledge and understanding, using terms, concepts, theories and
methods appropriately to address problems and issues.
2.
An ability to draw conclusions, and to present these in a clear manner.
C Analysis
1.
A good ability to use and comment on information presented in various forms.
2.
A sound ability to distinguish between evidence and opinion.
D Evaluation
1.
An ability to evaluate and make reasoned judgements.
A Grade F candidate should demonstrate the following abilities:
A Knowledge and Understanding
1.
Some ability to identify specific facts, conventions or techniques in relation to the content of
the syllabus.
2.
Some familiarity with definitions of the central concepts and ideas of the syllabus.
B Application
1.
A rudimentary ability to apply knowledge and understanding, using terms, concepts, theories
and methods appropriately to address problems and issues.
C Analysis
1.
Some ability to classify and present data in a simple way and some ability to select relevant
information from a set of data.
2.
Some ability to distinguish between evidence and opinion.
D Evaluation
1.
A limited ability to understand implications and make recommendations.
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BUSINESS STUDIES 0450 IGCSE 2010
RESOURCE LIST
Student Support
Endorsed Textbooks
Karen Borrington & Peter Stimpson, IGCSE Business Studies, (3rd Edition), 2006,
John Murray, 10034092649X.
Karen Borrington & Peter Stimpson, IGCSE Study Guide for Business Studies, 2005, Hodder Murray,
07195 7901 5. This is a study guide only (suitable for exam revision).
Chris J. Nuttall, Business Studies: IGCSE, 2002, Cambridge University Press, 0 521 75095 4
Recommended Textbooks
David Butler & J Hardy, GCSE Business Studies (3rd Edition), 2001, Oxford University Press,
0 1983 2835 4
Ian Chambers, Linda Hall & Susan Squires, GCSE Business Studies, (3rd Edition), 2001, Longman,
0 5824 5395 1
Neil Denby, Peter Thomas, GCSE Business Studies Workbook, 2000, Hodder & Stoughton
Educational, Student Book 03407 72328
David Dyer & Ian Chambers, Business Studies: An Introduction, 1987, Longman Group,
0 5823 5603 2
Susan Hammond, Business Studies, 1994, Longman, 0 5822 4479 X
S Ison, J Capel & K Pye, Longman GCSE Revise Guides: Business Studies, 1997, Longman,
0 5823 1538 7
A Jenkins, GCSE A-Z Business Studies Handbook (2nd Edition), 2002, Hodder & Stoughton,
0340850426
P Kennerdell, A Williams, M Schofield, OCR GCSE Business Studies, 2001,
Hodder & Stoughton Educational, 03407 90520
D R Lawrence, Dealing with Data for GCSE, 1999, Longman, 0 5823 1952 8
B Owens & L Rogers, GCSE Business & Communication Systems, 2001,
Hodder & Stoughton Educational, Student Book 03408 02006
R Parsons, GCSE Business Studies: The Revision Guide, 2005, Co-ordination Group Publications,
1 84146 309 4
D Wallace, Coursework In Business Studies and Commerce: A Student Guide, 1987,
Causeway Press, 0 9461 83376
A Whitcomb, Comprehensive Business Studies, (5th Edition), 1999, Longman, 0 5823 3775 5
A Whitcomb, B Bowen, Essential Business Studies, 1997, Hodder & Stoughton Educational,
03406 97741
CD-ROMS
D Lines, I Marcouse, B Martin, The Complete A-Z Business Studies, 2000,
Hodder & Stoughton Educational, CD ROM (for Windows) 03406 88475
Borrington, Stimpson, Vasey, IGCSE Business Studies, 2002, John Murray, 0 7195 7269 X
13
BUSINESS STUDIES 0450 IGCSE 2010
Teachers’ Resources
Recommended Textbooks
Karen Borrington, Teaching and Assessing Skills in Business Studies, 2004, Cambridge University
Press, Teachers’ Book 05215 43665. This uses CIE IGCSE or O Level Business Studies as an
exemplar throughout.
Neil Denby, Peter Thomas, GCSE Business Studies Workbook, 2000,
Hodder & Stoughton Educational, Teachers’ Book 03407 72336
B Owens & L Rogers, GCSE Business & Communication Systems, 2001,
Hodder & Stoughton Educational, Teachers’ Book 0 3408 0201 4
Valerie Tayfoor, Examining Business Studies, 1992, Nelson Thornes, 0 1744 8113 6
Packs
Neil Denby, Peter Thomas, Case Studies for Business, 2002, Hodder Arnold, 0 3408 0381 9.
Photocopiable resource.
Diane Wallace, Business Studies and Commerce Coursework Pack, 1988, Causeway Press,
0 9461 8346 5. This is a photocopiable pack of 42 workcards.
14
BUSINESS STUDIES
Individual Candidate Record Card
IGCSE
Please read the instructions printed overleaf and the General Coursework Regulations before completing this form.
2 0 1 0
Centre Number
Centre Name
June/November
Candidate Number
Candidate Name
Teaching Group/Set
Title of Coursework
15
Criterion 1
Knowledge and Understanding
Criterion 2
Collection of Data
Criterion 3
Analysis and Interpretation
Criterion 4
Evaluation
TOTAL
*(max 15)
* Indicates mark to be
transferred to Coursework
Assessment Summary Form
*(max 10)
Amount of scaling if relevant
*(max 15)
Internally Moderated
Mark
*(max 10)
*(max 50)
*(max 50)
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INSTRUCTIONS FOR COMPLETING INDIVIDUAL CANDIDATE RECORD CARDS
1.
Complete the information at the head of the form.
2.
Mark the Coursework assignment for each candidate according to instructions given in the Syllabus.
3.
Enter marks and total marks in the appropriate spaces. Complete any other sections of the form required.
4.
Ensure that the addition of marks is independently checked.
5.
It is essential that the marks of candidates from different teaching groups within each Centre are moderated internally. This means that the
marks awarded to all candidates within a Centre must be brought to a common standard by the teacher responsible for co-ordinating the internal
assessment (i.e. the internal moderator), and a single valid and reliable set of marks should be produced which reflects the relative attainment of all the
candidates in the Coursework component at the Centre. The outcome of internal moderation, in terms of the number of marks added to or subtracted
from the initial total, must be clearly written in the box marked ‘Amount of scaling if relevant’. If no scaling is necessary, please indicate by writing a zero
in this box.
6.
Transfer the marks to the Coursework Assessment Summary Form in accordance with the instructions given on that document.
7.
Retain all Individual Candidate Record Cards and Coursework which will be required for external moderation. See also the instructions on the
Coursework Assessment Summary Form.
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Note: These Record Cards are to be used by teachers only for students who have undertaken Coursework as part of their IGCSE.
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BUSINESS STUDIES
Coursework Assessment Summary Form
IGCSE
Please read the instructions printed overleaf and the General Coursework Regulations before completing this form.
Centre Number
Candidate
Number
Candidate Name
Centre Name
June/November
Teaching
Group/
Set
Knowledge
and
Understanding
(max 15)
Collection of
Data
Analysis and
Interpretation
Evaluation
Total
Mark
(max 10)
(max 15)
(max 10)
(max 50)
2 0 1 0
Internally
Moderated
Mark
(max 50)
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Name of teacher completing this form
Signature
Date
Name of internal moderator
Signature
Date
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A.
INSTRUCTIONS FOR COMPLETING COURSEWORK ASSESSMENT SUMMARY FORMS
1.
Complete the information at the head of the form.
2.
List the candidates in an order which will allow ease of transfer of information to a computer-printed Coursework mark sheet MS1 at a later stage (i.e. in
candidate index number order, where this is known; see item B.1 below). Show the teaching group or set for each candidate. The initials of the teacher
may be used to indicate group or set.
3.
Transfer each candidate’s marks from his or her Individual Candidate Record Card to this form as follows:
(a)
(b)
(c)
Where there are columns for individual skills or assignments, enter the marks initially awarded (i.e. before internal moderation took place).
In the column headed ‘Total Mark’, enter the total mark awarded before internal moderation took place.
In the column headed ‘Internally Moderated Mark’, enter the total mark awarded after internal moderation took place.
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4.
Both the teacher completing the form and the internal moderator (or moderators) should check the form and complete and sign the bottom portion.
B.
PROCEDURES FOR EXTERNAL MODERATION
1.
University of Cambridge International Examinations (CIE) sends a computer-printed Coursework mark sheet MS1 to each Centre (in late March for the
June examination and in early October for the November examination) showing the names and index numbers of each candidate. Transfer the total
internally moderated mark for each candidate from the Coursework Assessment Summary Form to the computer-printed Coursework mark sheet MS1.
2.
The top copy of the computer-printed Coursework mark sheet MS1 must be despatched in the specially provided envelope to arrive as soon as possible
at CIE but no later than 30 April for the June examination and 31 October for the November examination.
3.
CIE will select a list of candidates whose work is required for external moderation. As soon as this list is received, send the candidates' work with the
corresponding Individual Candidate Record Cards, this summary form and the second copy of MS1 to CIE. Indicate the candidates who are in the
sample by means of an asterisk (*) against the candidates' names overleaf.
4.
CIE reserves the right to ask for further samples of Coursework.
5.
Send, with the sample work, instructions given to candidates and information as to how internal moderation was carried out.
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BUSINESS STUDIES 0450 IGCSE 2010
APPENDIX: ADDITIONAL INFORMATION
Spiritual, Ethical, Social, Legislative, Economic and Cultural Issues
The syllabus has been designed in a way that includes, where appropriate, the spiritual, moral, ethical,
social, legislative, economic and cultural dimensions of Business Studies.
Section 1 considers the impact of business activity on the environment and stakeholders (including
employment), the role of Government, the effects of tax and interest rate changes, and the impact of
technology on business (including the Internet).
Section 2 includes the growth of multinational companies and the role and function of
entrepreneurship.
Section 5 includes consideration of why intervention in business activity is required so that the social
and economic objectives of the state can be better achieved. In so doing, it includes development of
awareness of how business decisions have an impact on society, the environment and people.
This section also considers how and why consumer interests are protected and it introduces the notion
of social costs and benefits.
Sustainable Development, Health and Safety Considerations and International Developments
This syllabus offers opportunities to develop ideas on sustainable development and environmental
issues, health and safety, and the international dimension.
• Sustainable development and environmental issues
The syllabus includes consideration of the impact that business decisions can have on the
environment.
• Health and safety
The syllabus requires candidates to be able to demonstrate awareness of the importance of
health and safety requirements.
• The International dimension
The syllabus includes developing an appreciation of how international trade influences a
nation’s economy, the problems of entering a new market abroad, and the implications of tariff
barriers, quotas and exchange rate changes.
Avoidance of Bias
CIE has taken great care in the preparation of this syllabus and assessment materials to avoid bias of
any kind.
Language
This syllabus and the associated assessment materials are available in English only.
Resources
Copies of syllabuses, the most recent question papers and Principal Examiners’ reports are available
on the Syllabus and Support Materials CD-ROM, which is sent to all CIE Centres.
Resources are also listed on CIE’s public website at www.cie.org.uk.
Access to teachers’ email discussion groups and suggested schemes of work may be found on the
CIE Teacher Support website at http://teachers.cie.org.uk. This website is available to teachers at
registered CIE Centres.
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